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This is an archive article published on June 9, 1998

Industrial growth revised to 6.6

NEW DELHI, June 8: The government on Monday revised figures for growth in industrial output for 1997-98 April-March to 6.6, keyed to a ne...

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NEW DELHI, June 8: The government on Monday revised figures for growth in industrial output for 1997-98 April-March to 6.6, keyed to a new base year after taking into account the contribution of the unorganised sector.

The Department of Statistics said industrial growth for 1997-98 had been revised to 6.6, calculated over the new base year, 1993-94, compared with the earlier estimate of 4.2 calculated over 1980-81. quot;As per the revised series of indices the overall growth for the year 1997-98 as compared to the previous year, that is 1996-97, is 6.6,quot; a statement released by the department said.

On May 18, the Industry Ministry had said India8217;s industrial output, calculated on the old index, had grown by 4.2 in 1997-98 compared with 7.1 in 1996-97. quot;The change that we have done is that for the first time we have trapped the contribution of the unorganised sector,quot; M S Maulik, head of the Industrial Statistics Division, told a news conference.

quot;We are constantly trying to improve the quality ofthe data,quot; he added. The statement said growth of industrial production for the mining, manufacturing and electricity sectors had been revised to 5.6, 6.6 and 6.9 respectively in 1997-98.

The growth figures under the old index, adjusted to the new base year, for the three sectors in 1997-98 were: mining 4.9, manufacturing 3.6 and electricity 6.8.

 

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